Airport Expansion Adjudicated to Aerotocumen

The expansion of Tocumen Airport was awarded to the Colombian Consortium Aerotocumen, whose bid was $68.65 million.

Monday, March 16, 2009

The contract includes construction of a new terminal, remodeling the main facade, a new presidential lounge, an administration building and other logistical facilities.

According to the report published in "The Colombian consortium submitted the lowest bid, but two of its competitors (Constructora San José and Odebrecht) called for their disqualification because they did not meet several requirements from the list of duties, from legal aspects to the lack of experience of the personnel proposed for the project."

More on this topic

Tender for Works at Tocumen for $3 million

April 2013

The administrators of Tocumen International Airport, Panama, are putting out a tender for the design and construction of the expansion of the North Terminal.

The purpose of the tender is the procurement of design and construction of the redevelopment of the North Terminal at Tocumen International Airport.

Tocumen: 16% More Passengers in January

April 2013

In January, 695,830 people used Tocumen International Airport in Panama, 16% more than in the same month last year.

Estimations are that this year, about 7.5 million people will pass through the terminal, surpassing the 6.8 million who came through it in 2012.

Furthermore, last January 9462 operations were performed, counting incoming and outgoing flights as well as 586 cargo operations.

Tocumen Project Attracts 11 Companies

January 2012

The complex will be developed in a 300 hectare area, which was purchased by Tocumen SA for $109 million.

A press release from the Tourism Authority of Panama reads:

After completion of the North Terminal, the next projects planned by Tocumen are the airport city "Aeropolis" and the Dock and South Terminal, valued at approximately $750 million.

$75 Million to Expand Tocumen Airport

March 2010

Tocumen, the International Airport of Panama, subscribed a $75 million loan to build infrastructure.

A $75 million loan was subscribed between Tocumen International Airport, “Banco Nacional de Panama”, “Caja de Ahorros” and the Bank of Nova Scotia Panama, to build the northern section of Tocumen International airport, explained Finance Minister Frank De Lima.

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